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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: LastShadow who wrote (7373)4/9/1998 12:04:00 AM
From: AlienTech  Read Replies (1) of 120523
 
Cont on EPS revisions..

>>So no, there isnt an exact correlation between the numbers and the assessment of whether its worth holding/selling/buying. <<

Well there is, Since if the EPS was revised upwards recently and the company comes in on target or at the old EPS then the stock will tank. And if the revision is downwards and te company meets or exceeds the target the stock might look better than it is. Perception of beating or missing numbers.
This is why I was so confused that the revisions came in after the Q was over and earnings are comming out tomorrow for VVUS which was revised from -0.05 to -0.04 a few days ago. This would mean they would have a tougher time getting the perception they are doing better than the analyists estimated or previous information which had already affected the stock price one way or the other.
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